(Bloomberg) -- Coal prices in China have room for further declines, the country’s supreme economic planner said on its official Wechat account on Friday, citing a recent survey it conducted on production costs. Futures prices in Zhengzhou tumbled.
The prelimanary result showed the production costs of coal are much lower than the current spot prices, China’s National Development and Reform Commission said in the post. The NDRC stated its conclusion after checking costs in all producing regions and major coal firms in the country.
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